BTC is now trading in a textbook D-Shape Volume Profile. In english - Buyers & Sellers are happy to transact here and will stay inside the value area & consolidating sideways until further notice.
Consolidation at POC is a signature of this profile, and one of the easiest and least stressful trade setups because now, your mission, should you chose to accept. Is to fade the Highs (VAH) and Lows (VAL) and avoid the middle unless you love donating money to the market.
I'll have buy limit orders waiting right below the VAL where we have the single prints. It doesn't get any easier than this.
Doesn't mean price cant rip through, but this is always the best entry with less risk, especially when the single prints have not been tested yet..
BTCUSD MBT1!
Consolidation at POC is a signature of this profile, and one of the easiest and least stressful trade setups because now, your mission, should you chose to accept. Is to fade the Highs (VAH) and Lows (VAL) and avoid the middle unless you love donating money to the market.
I'll have buy limit orders waiting right below the VAL where we have the single prints. It doesn't get any easier than this.
Doesn't mean price cant rip through, but this is always the best entry with less risk, especially when the single prints have not been tested yet..
BTCUSD MBT1! Trade active
Beautiful Execution
One TP a day, Keeps The Bills Away !!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
One TP a day, Keeps The Bills Away !!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.